How trailblazer India is losing its renewable energy momentum
Mumbai: India was a pioneer in making renewable energy cheaper, thanks to capacity additions based on competitive bidding. Now, it’s falling behind.
Preliminary figures from Mercom India Research, an information services provider, show that solar capacity additions in the June quarter fell 14% from the March quarter, and 9% from a year ago, led by a decline in large-scale solar projects.
Note that average quarterly capacity addition had fallen to 1,662 megawatts (MW) in FY19, far below the average quarterly addition of nearly 2,500MW in FY18. In the June quarter, Mercom’s preliminary figures suggest additions of 1,510MW.
